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Scotiabank Equity Powered GIC (No longer offered)
Important note
This product is no longer available for sale.
Consider this GIC if you:
Want 100% principal protection.
Want the potential to enhance your GIC returns by benefitting from the return potential of equity investments.
Want to invest for two years or longer.
Want the potential to earn a higher, variable return instead of the guaranteed, fixed return of a traditional GIC.
Plus:
Invest for growth or income.
Select with or without a minimum guaranteed rate.
Issued by The Bank of Nova Scotia, Montreal Trust Company of Canada and National Trust Company.
Scotiabank Equity Powered GIC Rates
What is an Equity Powered GIC (EPGIC)?
Learn how EPGICs offer the principal protection of a GIC with the potential to earn more.
Scotiabank Equity Powered GICs at a glance
| Canadian Income | Canadian Guaranteed Return | Canadian Growth | American Growth | Global Growth | |
|---|---|---|---|---|---|
| Term in years | 2, 3 or 5 | 2, 3, or 5 | 2, 3, or 5 | 2, 3, or 5 | 2, 3, or 5 |
| Minimum annual guaranteed interest rate | Paid annually | Compounded and paid at maturity | None | None | None |
| Maximum potential return* | Paid annually | Paid at maturity | Paid at maturity | Paid at maturity | Paid at maturity |
| Linked to | Basket of Canadian Shares | Basket of Canadian Shares | Basket of Canadian Shares | Basket of U.S. Shares | Basket of Global Shares |
| Minimum investment | $500 (Canadian Dollars Only) | ||||
| Principal | 100% Principal Guarantee | ||||
| CDIC eligible | Yes | ||||
How do Equity Powered GICs compare with other investments?
| Scotiabank Equity Powered GIC | Regular GIC | Scotia Stock Indexed GIC | Direct Market/Stock Investment | |
|---|---|---|---|---|
| Principal 100% Guaranteed | Yes | Yes | Yes | No |
| CDIC eligible | Yes | Yes | Yes | No |
| Can be redeemed? | No | No | No | Varies |
| Offers minimum guaranteed rate? | Yes, for Canadian Income and Canadian Guaranteed Return | Yes, full rate guarantee | No | No |
| Return Calculation | Linked to a diversified Basket of Shares | Fixed interest rate | Linked to the performance of a stock market index | Determined by performance of investment |
Fact Sheets
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
Fact Sheet - for purchases on March 13, 2019 - April 9, 2019
N/A | pdf : 610
KB
Fact Sheet - for purchases on February 13, 2019 - March 12, 2019
N/A | pdf : 610
KB
Fact Sheet - for purchases on December 19, 2018 - January 15, 2019
N/A | pdf : 610
KB
Fact Sheet - for purchases on November 21, 2018 - December 18, 2018
N/A | pdf : 617
KB
Fact Sheet – for purchases on October 17, 2018-November 20, 2018
N/A | pdf : 612
KB
Fact Sheet – for purchases on September 12, 2018-October 16, 2018
N/A | pdf : 618
KB
Fact Sheet – for purchases on August 15, 2018-September 11, 2018
N/A | pdf : 618
KB
Fact Sheet – for purchases on July 11, 2018 – August 14, 2018
N/A | pdf : 618
KB
Fact Sheet – for purchases on June 13, 2018 – July 10, 2018
N/A | pdf : 618
KB
Fact Sheet – for purchases on May 9, 2018 – June 12, 2018
N/A | pdf : 619
KB
Fact Sheet – for purchases on April 11, 2018 – May 8, 2018
N/A | pdf : 619
KB
Fact Sheet – for purchases on March 14, 2018 – April 10, 2018
N/A | pdf : 619
KB
Fact Sheet – for purchases on February 14, 2018 – March 13, 2018
N/A | pdf : 618
KB
Fact Sheet – for purchases on December 13, 2017 – January 16, 2018
N/A | pdf : 619
KB
Fact Sheet – for purchases on November 15, 2017 – December 12, 2017
N/A | pdf : 612
KB
Fact Sheet – for purchases on October 18, 2017 – November 14, 2017
N/A | pdf : 611
KB
Fact Sheet – for purchases on September 12, 2017 – October 17, 2017
N/A | pdf : 620
KB
Fact Sheet – for purchases on August 16, 2017 – September 12, 2017
N/A | pdf : 623
KB
Fact Sheet – for purchases on July 12 to August 15, 2017
N/A | pdf : 422
KB
Fact Sheet – for purchases on June 7 to July 11, 2017
N/A | pdf : 422
KB
Fact Sheet – for purchases on May 10 to June 6, 2017
N/A | pdf : 422
KB
Fact Sheet – for purchases on March 8 to April 4, 2017
N/A | pdf : 415
KB
Fact Sheet – for purchases on April 5 to May 9, 2017
N/A | pdf : 422
KB
Fact Sheet – for purchases on February 9 to March 7, 2017
N/A | pdf : 422
KB
Fact Sheet – for purchases on December 7 to January 11, 2017
N/A | pdf : 443
KB
Fact Sheet – for purchases on November 9 to December 6, 2016
N/A | pdf : 443
KB
Fact Sheet – for purchases on October 5 to November 8, 2016
N/A | pdf : 547
KB
Fact Sheet – for purchases on September 7 to October 4, 2016
N/A | pdf : 548
KB
Fact Sheet – for purchases on August 3 to September 6, 2016
N/A | pdf : 547
KB
Fact Sheet – for purchases on July 6 to August 2, 2016
N/A | pdf : 546
KB
Fact Sheet – for purchases on June 8 to July 5, 2016
N/A | pdf : 547
KB
Fact Sheet – for purchases on May 4 to June 7, 2016
N/A | pdf : 548
KB
Fact Sheet – for purchases on April 6 to May 3, 2016
N/A | pdf : 1
MB
Fact Sheet – for purchases on March 2 to April 5, 2016
N/A | pdf : 545
KB
Fact Sheet – for purchases on February 2 to March 1, 2016
N/A | pdf : 541
KB
Fact Sheet – for purchases on January 5 to February 1, 2016
N/A | pdf : 545
KB
Fact Sheet – for purchases on November 3 to December 1, 2015
N/A | pdf : 540
KB
Fact Sheet – for purchases on October 6 to November 2, 2015
N/A | pdf : 543
KB
Fact Sheet – for purchases on September 9 to October 5, 2015
N/A | pdf : 539
KB
Fact Sheet – for purchases on August 11 to September 8, 2015
N/A | pdf : 543
KB
Fact Sheet – for purchases on July 7 to Aug 10, 2015
N/A | pdf : 552
KB
Fact Sheet – for purchases on June 9 to July 6, 2015
N/A | pdf : 553
KB
Fact Sheet – for purchases on May 12 to June 8, 2015
N/A | pdf : 542
KB
Fact Sheet - for purchases on April 7th 2015 to May 11th, 2015
N/A | pdf : 508
KB
Fact Sheet - for purchases on March 10th 2015 to April 6th, 2015
N/A | pdf : 507
KB
Fact Sheet - for purchases on February 11th to March 9th, 2015
N/A | pdf : 508
KB
Fact Sheet - for purchases on January 7th to February 10th, 2015
N/A | pdf : 390
KB
Fact Sheet - for purchases on November 5th to December 3rd, 2014
N/A | pdf : 451
KB
Fact Sheet - for purchases on October 8th to November 4th, 2014
N/A | pdf : 458
KB
Fact Sheet - for purchases on September 10th to October 7th, 2014
N/A | pdf : 450
KB
Fact Sheet - for purchases on August 6th to September 9th, 2014
N/A | pdf : 457
KB
Fact Sheet - for purchases on July 9th to August 5th, 2014
N/A | pdf : 451
KB
Fact Sheet - for purchases on June 4th to July 8th, 2014
N/A | pdf : 451
KB
Fact Sheet - for purchases on May 7th to June 3rd, 2014
N/A | pdf : 450
KB
Fact Sheet - for purchases on April 2nd to May 6th, 2014
N/A | pdf : 457
KB
Fact Sheet - for purchases on March 5th to April 1st, 2014
N/A | pdf : 450
KB
Fact Sheet - for purchases on February 5th to March 4th, 2014
N/A | pdf : 448
KB
Fact Sheet - for purchases on January 8th to February 4th, 2014
N/A | pdf : 298
KB
Fact Sheet - for purchases on November 5th to December 3rd, 2013
N/A | pdf : 294
KB
Fact Sheet - for purchases on October 8th to November 4th, 2013
N/A | pdf : 353
KB
Fact Sheet - for purchases on September 10th to October 7th, 2013
N/A | pdf : 328
KB
Registered trademarks of The Bank of Nova Scotia.
Rates are provided for information purposes only and are subject to change at any time.
The following rates apply to Canadian dollar deposits made in Canada.
GIC special rates apply only to non-redeemable GICs with the associated terms shown above and are not applicable to other GICs.
Interest on early redemptions will be calculated on a daily basis at an early redemption interest rate which is provided in the table above for your reference. If the GIC principal amount is less than $5,000, then the minimum withdrawal amount is $500 and the remaining balance must be at least $500. If the GIC principal amount is $5,000 or greater, then the minimum withdrawal amount is $1,000 and the remaining balance must be at least $5,000. Note that there may be an adjustment to interest already paid for early redemptions.
This is the annual interest rate if held to maturity.
GIC special rates apply only to non-redeemable GICs with the associated terms shown above and are not applicable to other GICs. These Special Rate GICs are available within registered, non-registered and TFSA portfolios. Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. Also, interest will be paid / compounded for the leap day in a leap year. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. The value of a compounded GIC is paid to you on the maturity date. If the maturity date does not fall on a business day then the term of the GIC will be extended to the next business day and interest will be paid to that day. These Special Rate GIC offers are not to be used in conjunction with any other rate bonus or discretionary offers. The Bank of Nova Scotia, Scotia Mortgage Corporation, Montreal Trust Company, and National Trust Company each issue these Special Rate GICs. We reserve the right to change, extend or cancel these offers at any time without prior notice. A $500 minimum investment is required. A maximum investment of $5,000,000 per customer.
For registered plans the interest payment frequency is at maturity, compounding annually.
The Scotia Stock-Indexed GIC (SIGIC) is non-redeemable. The GIC issue amount (the principal amount initially invested plus any interim interest earned until the issue date) and interest, if any, will be paid on the maturity date. Changes to the S&P/TSX 60 Index will affect the amount of the potential interest payable. For SIGICs issued on or after January 13, 2009 and prior to November 20, 2007, potential interest is restricted by the applicable maximum return. For SIGICs issued from November 20, 2007 to January 12, 2009, potential interest is restricted by the applicable participation rate. For more information on this GIC, the S&P/TSX 60 Index, interest calculations and payments.
The last issues of the US Market and G7 Scotia Stock-Indexed GICs were issued on January 12, 2009.
Note: Enquire at your local Scotiabank branch for Non-registered GIC interest rates on terms of 6 to 10 years.
Formerly Scotia Stock Indexed GIC
Between the day you purchase the Scotiabank Equity Powered GIC and the issued date, you will earn interest. For more information please refer to the Fact Sheet.
The Minimum Guaranteed Interest Rate is an annual rate that is the minimum annual payment you will receive. The Minimum Guaranteed Interest Rate is compounded and paid at maturity for Scotiabank Equity Powered GIC - Canadian Guaranteed Return. The Minimum Guaranteed Interest Rate is not compounded for the Scotiabank Equity Powered GIC - Canadian Income and is paid annually.
This is the maximum potential cumulative interest rate over the entire term of the Canadian Growth Equity Powered GIC. At maturity, the interest rate to be earned is calculated and paid within certain predetermined ranges based on the price performance of the underlying basket of shares of Canadian companies. There is no minimum interest rate guarantee and actual interest rate could be as low as 0% over the 2-year term and 3-year term. Minimum investment is $500.These maximum potential interest rates are available from 13 March 2019 – 09 April 2019 and are subject for change. For full details, speak to a Scotiabank advisor or visit www.scotiabank.com/equitypowered. Scotiabank Equity Powered GICs are CDIC eligible.
For Scotiabank Equity Powered GICs - Canadian Income, this is the maximum potential return in any given year of your term available from the basket of underlying shares, if any. The actual return may be lower and it is not guaranteed. No return in excess of the Minimum Annual Guaranteed Interest Rate will be paid if the average of the share returns of the shares is the basket of shares is lower than the Minimum Annual Guaranteed Interest Rate. You will receive an annual payment which will be calculated using the maximum of The Minimum Annual Guaranteed Interest Rate and The annual average of the Share Returns of the Basket. For all other Scotiabank Equity Powered GICs, Maximum Return is the maximum return related to the basket of underlying shares and does not include the annual minimum guaranteed rate. For Scotiabank Equity Powered GIC - Canadian Guaranteed Return, Scotiabank Equity Powered GIC - Canadian Growth and Scotiabank Equity Powered GIC- American Gr&owth, the maximum return is not a rate of return or an annual rate. For more information on Scotiabank Equity Powered GICs, the underlying basket of shares, return calculations and payments, please see the Scotiabank Equity Powered GIC Fact Sheet.
Scotiabank Equity Powered GICs – Canadian Income is a non-redeemable GIC. The GIC issue amount (the principal amount initially invested plus any interim interest earned until the issue date) will be paid on the maturity date.